St. Mary's Bank Mortgage Rates, Fees & Info

Manchester, NH

LEI: 549300YKOCNDPE0N7X40

Tax ID: 02-0187390

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    St. Mary's Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. St. Mary's Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    St. Mary's Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. St. Mary's Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.84% 11/21/24
    30 Year Conventional Purchase 6.80% 11/21/24
    30 Year Conventional Refi 6.53% 11/21/24
    30 Year Cash-out Refi 6.78% 11/21/24
    15 Year Conventional Purchase 6.00% 11/21/24
    15 Year Conventional Refi 6.04% 11/21/24
    15 Year Cash-out Refi 6.04% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    St. Mary's Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from St. Mary's Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,975

    Origination Dollar Volume (All Markets)

    $401,635,000

    Awards

    ST. MARY'S BANK 30 Year Conventional Loans bronze ST. MARY'S BANK 30 Year Conventional Loans silver ST. MARY'S BANK 30 Year Conventional Loans gold ST. MARY'S BANK 30 Year Conventional Loans bronze
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1,090 $208,460,000 $191,248 $2,619 3.30%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 457 $106,155,000 $232,287 $3,070 3.25%
    Concord, NH (FHA|USDA|VA) 294 $61,190,000 $208,129 $2,990 3.27%
    Laconia, NH (FHA|USDA|VA) 57 $12,365,000 $216,930 $3,138 3.19%
    Lebanon, NH-VT (FHA|USDA|VA) 33 $5,005,000 $151,667 $2,890 3.31%
    Keene, NH (FHA|USDA|VA) 21 $4,395,000 $209,286 $3,332 3.20%
    Outside of Metro Areas 14 $3,300,000 $235,714 $3,281 3.31%
    Berlin, NH (FHA|USDA|VA) 9 $765,000 $85,000 $2,572 3.33%
    St. Mary's Bank's top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ST. MARY'S BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Northfield Savings Bank
    Similarity Rank: 160
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Union Bank
    Similarity Rank: 429
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    VERMONT STATE EMPLOYEES
    Similarity Rank: 567
    Bridgewater Savings Bank
    Similarity Rank: 600
    ONE Credit Union
    Similarity Rank: 609
    NESC
    Similarity Rank: 772
    East Boston Savings Bank
    Similarity Rank: 798

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,371 $336,745,000 $245,620 $2,704 3.35%
    HELOC 572 $56,210,000 $98,269 n/a 3.09%
    FHA 27 $7,165,000 $265,370 $7,354 3.77%
    VA 3 $1,035,000 $345,000 $9,136 2.92%
    USDA 2 $480,000 $240,000 $5,240 3.19%

    For 2020, St. Mary's Bank's most frequently originated type of loan was Conventional, with 1,371 originations. Their 2nd most popular type was HELOC, with 572 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 705 $153,395,000 $217,582 $2,431 3.19%
    Home Purchase 471 $127,435,000 $270,563 $3,710 3.40%
    Cash Out Refi 384 $85,810,000 $223,464 $2,434 3.51%
    Home Improvement 257 $17,435,000 $67,840 $1,621 3.09%
    Other 158 $17,560,000 $111,139 $0 3.11%

    For 2020, St. Mary's Bank's most frequently cited loan purpose was Refi, with 705 originations. The 2nd most popular reason was Home Purchase, with 471 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 788 $199,280,000 $252,893 $3,190 3.50%
    20 Year 741 $101,235,000 $136,619 $2,781 3.13%
    15 Year 337 $69,815,000 $207,166 $1,935 3.14%
    10 Year 76 $15,850,000 $208,553 $1,134 3.16%
    30+ year 24 $13,400,000 $558,333 $7,960 3.34%
    Other 9 $2,055,000 $228,333 $2,590 3.31%

    For 2020, St. Mary's Bank's most frequently cited loan duration was 30 Year, with 788 originations. The 2nd most popular length was 20 Year, with 741 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 906 $209,130,000 $230,828
    $1k-2k 320 $83,300,000 $260,313
    $2k-3k 53 $15,015,000 $283,302
    $3k-4k 19 $5,415,000 $285,000
    $4k-5k 6 $2,010,000 $335,000
    $5k+ 5 $3,385,000 $677,000

    St. Mary's Bank's average total fees were $3,190, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 906 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 993 $232,355,000 $233,993
    2.5-3% 839 $133,055,000 $158,588
    4-5% 98 $25,620,000 $261,429
    <2.5% 28 $6,550,000 $233,929
    5-6% 17 $4,055,000 $238,529

    During 2020, St. Mary's Bank's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 993 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 766 $208,690,000 $272,441 $3,137 3.35%
    $100k-200k 632 $94,250,000 $149,130 $2,230 3.26%
    $100,000 or less 451 $23,995,000 $53,204 $1,588 3.18%
    $400k-600k 95 $44,175,000 $465,000 $3,617 3.37%
    $600k-1MM 22 $16,470,000 $748,636 $5,962 3.47%
    $1MM+ 9 $14,055,000 $1,561,667 $8,177 3.45%

    2020 saw St. Mary's Bank place emphasis on $200k-400k loans with 766 originations, totaling $208,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 553 $111,715,000 $202,016 $2,782 3.24%
    $50k-75k 362 $56,460,000 $155,967 $2,623 3.34%
    $75k-100k 360 $63,880,000 $177,444 $2,964 3.26%
    $150k-250k 351 $83,955,000 $239,188 $2,859 3.24%
    $50k or less 174 $20,120,000 $115,632 $2,515 3.29%
    $250k+ 107 $42,925,000 $401,168 $3,560 3.21%

    St. Mary's Bank lent most frequently to those with incomes in the $100k-150k range, with 553 originations. The second most popular income band? $50k-75k, with 362 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 487 $96,615,000 $198,388 $2,605 3.19%
    30-36% 347 $67,605,000 $194,827 $2,693 3.27%
    <20% 192 $38,550,000 $200,781 $2,667 3.15%
    50-60% 97 $11,465,000 $118,196 $3,538 3.13%
    37% 87 $19,055,000 $219,023 $3,283 3.36%
    41% 76 $15,970,000 $210,132 $2,976 3.38%
    38% 71 $14,515,000 $204,437 $2,828 3.36%
    43% 69 $14,325,000 $207,609 $2,836 3.31%
    40% 60 $15,110,000 $251,833 $3,449 3.33%
    44% 59 $12,665,000 $214,661 $2,772 3.36%
    36% 58 $11,330,000 $195,345 $3,154 3.27%
    45% 58 $13,350,000 $230,172 $2,844 3.36%
    42% 54 $10,590,000 $196,111 $3,000 3.32%
    39% 53 $11,015,000 $207,830 $3,006 3.42%
    46% 52 $10,820,000 $208,077 $2,778 3.27%
    47% 39 $7,345,000 $188,333 $3,035 3.30%
    48% 36 $6,300,000 $175,000 $3,301 3.47%
    49% 34 $6,800,000 $200,000 $3,127 3.31%
    >60% 6 $550,000 $91,667 $2,454 3.06%

    St. Mary's Bank lent most frequently to those with DTI ratios of 20-30%, with 487 originations. The next most common DTI ratio? 30-36%, with 347 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,714 $339,060,000 $197,818 $2,810 3.27%
    Not provided 143 $27,545,000 $192,622 $2,799 3.13%
    Not applicable 37 $16,395,000 $443,108 $0 4.26%
    Asian 44 $10,330,000 $234,773 $3,141 3.33%
    Black 18 $4,690,000 $260,556 $2,713 3.37%
    American Indian 11 $1,935,000 $175,909 $4,097 3.29%
    Asian Indian 4 $830,000 $207,500 $2,569 3.34%
    Other Asian 2 $410,000 $205,000 $2,593 3.50%
    Vietnamese 1 $225,000 $225,000 $2,760 2.88%
    Chinese 1 $215,000 $215,000 $2,619 3.00%

    Approval Rates

    Total approvals of all applications
    83.54%

    St. Mary's Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.10%

    St. Mary's Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,975 $401,635,000 $203,359

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 24 $13,970,000 $582,083
    Single Family (1-4 Units):Manufactured 12 $1,420,000 $118,333
    Single Family (1-4 Units):Site-Built 1,939 $386,245,000 $199,198

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 291 $33,815,000 $116,203 $1,714 3.16%
    40-60% 372 $75,350,000 $202,554 $2,271 3.18%
    60-80% 611 $164,075,000 $268,535 $2,862 3.40%
    80-100% 392 $113,000,000 $288,265 $3,509 3.44%
    Over 100% 4 $1,460,000 $365,000 $9,060 3.13%
    Under 20% 305 $13,935,000 $45,689 $1,847 3.09%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    21ST MORTGAGE CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 6.0%
    21ST MORTGAGE CORP. Conventional home mortgage Closing on a mortgage 1 2.0%
    21ST MORTGAGE CORP. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 2.0%
    21ST MORTGAGE CORP. Conventional home mortgage Struggling to pay mortgage 13 26.0%
    21ST MORTGAGE CORP. Conventional home mortgage Trouble during payment process 13 26.0%
    21ST MORTGAGE CORP. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. FHA mortgage Struggling to pay mortgage 4 8.0%
    21ST MORTGAGE CORP. FHA mortgage Trouble during payment process 1 2.0%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Closing on a mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Struggling to pay mortgage 4 8.0%
    21ST MORTGAGE CORP. Other type of mortgage Trouble during payment process 5 10.0%